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Monetary or non monetary method |
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Monetary or non monetary methodUnder this translation method, monetary items (e.g. cash, accounts payable and receivable, and long-term debt) are translated at the current rate while non-monetary items (e.g. inventory, fixed assets, and long-term investments) are translated at historical rates.Monetary or non monetary method Similar MatchesInternational Monetary FundInternational Monetary FundA fund formed in the mid 1940s by industrialised countries to stabilise exchange rates, promote international trading and provide short term loans to member countries with balance of payments problems. Monetary approachMonetary approachA framework for analyzing exchange rates and the balance of payments that focuses on supply and demand for money in different countries. A floating exchange rate is assumed to equate supply and demand and thus to reflect relative growth rates of money supplies and determinants of demand. Under a pegged exchange rate, the balance of payments surplus or deficit equals the excess demand or supply, respectively, for a country's money. European Monetary AgreementEuropean Monetary AgreementAn intergovernmental organization administered by the OECD that facilitated settlement of balance of payments accounts among its member states from 1958 to 1972. It replaced the EPU, and its functions were taken over by the IMF in 1972. Nonmonetary assets and liabilitiesNonmonetary assets and liabilitiesAssets and liabilities with noncontractual payoffs. Accommodative monetary policyAccommodative monetary policyFederal Reserve System policy to increase the amount of money available to banks for lending. See: Monetary policy. Further Suggestionsmonetary policyEuropean Monetary System European Monetary System (EMS) Depository Institutions Deregulation and Monetary Control Act Economic and Monetary Union Monetary gold International Monetary Fund (IMF) Monetary base Monetary assets and liabilities Monetary indicators Singapore International Monetary Exchange (SIMEX) Monetary policy European Monetary System Monetary policy International monetary system Net monetary assets International monetary economics |
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